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From the Marvel of Brownian Motion to the Reality of the Market

In: The Medium of Contingency

Author

Listed:
  • Elie Ayache

Abstract

The radically-emergent event escapes possibility, or rather, it precedes it.1 It is im-possible, not in the sense that it will never happen, but in the sense that its ‘possibility’ is inconceivable before it happens. The genuine event can only happen; it cannot be conceived or thought as possible beforehand. Happening is the only thing that it can do and it is only subsequently that its possibility, or even its cause, is thought. It is thought after the fact because nothing exists before the event. Ex-ante is an illusion.

Suggested Citation

  • Elie Ayache, 2015. "From the Marvel of Brownian Motion to the Reality of the Market," Palgrave Macmillan Books, in: The Medium of Contingency, chapter 6, pages 146-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-28656-7_7
    DOI: 10.1007/978-1-137-28656-7_7
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